2

For example:

Tote - The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses.

3

The dividend is:

The amount that a winning or placed horse returns for every $1 bet by the bettor(1) (2) (3):

So, in your example, a Tote would distribute returns to applicable bettors.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.